Regulator Eliminated The Ban On Quick Sale Transactions For BIST-50 Index Shares
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Capital Markets Board of Turkey
“Board”) determined to finish the ban on
brief gross sales transactions going down within the BIST-50 Index
fairness market of Istanbul Inventory Trade
(“BIST”). This resolution
(“Choice”) has been introduced in
CMB’s Weekly Bulletin No. 2021/7 on 11 February 2021 and
the brief promoting ban for the highest 50 shares on BIST (BIST-50
Index) has been lifted as of 12 February 2021.
Board has initially lifted the ban on the brief sale
transactions going down solely within the BIST-30 Index fairness market
of Istanbul Inventory Trade (Borsa Istanbul) with its resolution No.
39/798 dated 30 June 2020. With the current Board Choice, Board
has launched the ban on brief promoting transactions additional once more.
With the identical Choice, CMB has determined to tell the traders and
funding establishments buying and selling in BIST-50 Index fairness market that
it’s obligatory to click on the brief promote button for the positions
which are opened with respect to the sale of capital market
devices that aren’t really owned and closed throughout the similar
buying and selling day in accordance with Articles 24 and 28 of
Communiqué on Margin Buying and selling, Quick Gross sales and Lending and
Borrowing of Securities (Serial V, No: 65). Contemplating the above,
the brief promoting ban for the shares apart from BIST-30 and BIST-50
Index of fairness market stays in accordance with CMB’s prior
selections1 relating to the brief sale ban.
The discharge of this restrictive measure is anticipated to have a
optimistic affect on skilled traders and likewise, enhance the
international investor curiosity in inventory market.
1 The brief sale transactions within the fairness market of
Turkey, save for BIST-30 and BIST-50 Indexes, had been banned
respectively on 28.02.2020, 02.03.2020 and 30.06.2020.
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